(1) (2) (3) (4) (5) (6) (7) (8)
Real GDP 1.258*** 1.259*** 1.304*** 1.302*** 1.205*** 1.207*** 1.250*** 1.253***
(0.128) (0.128) (0.126) (0.126) (0.128) (0.128) (0.123) (0.123)
Trade Openness 0.145*** 0.136*** 0.119*** 0.106*** 0.156*** 0.153*** 0.157*** 0.154***
(0.042) (0.042) (0.038) (0.040) (0.039) (0.039) (0.038) (0.038)
Urbanisation Growth 0.298*** 0.314*** 0.297*** 0.297*** 0.314*** 0.320*** 0.292*** 0.301***
(0.048) (0.050) (0.047) (0.046) (0.048) (0.048) (0.046) (0.047)
Energy Intensity 1.123*** 1.500*** 1.248*** 0.785* 0.942*** 0.594 0.919*** 1.274***
(0.225) (0.384) (0.226) (0.423) (0.240) (0.478) (0.230) (0.431)
Renewable Energy -0.059* -0.050 -0.054 -0.065* -0.046 -0.046 -0.057* -0.042
(0.035) (0.036) (0.033) (0.034) (0.034) (0.034) (0.033) (0.036)
Control of Corruption -0.018 0.236
(0.042) (0.213)
Energy intensity X Control of Corruption -0.139
(0.115)
Gov. Effectiveness 0.151** -0.178
(0.065) (0.262)
Energy Intensity X Gov. Effectiveness 0.174
(0.135)
Regulatory Quality -0.134* -0.362
(0.073) (0.280)
Energy Intensity X Regulatory Quality 0.122
(0.145)
Rule of Law -0.150** 0.097
(0.057) (0.260)
Energy Intensity X Rule of Law -0.123
(0.127)
Constant -34.053*** -34.842*** -35.737*** -34.710*** -32.259*** -31.647*** -33.158*** -33.987***
(3.450) (3.503) (3.438) (3.518) (3.494) (3.574) (3.338) (3.446)
Observations 113 113 113 113 113 113 113 113
R-squared 0.594 0.600 0.614 0.621 0.607 0.609 0.619 0.623
F-ratio 24.64 21.43 26.79 23.36 25.96 22.29 27.35 23.56
­P-value (0.000) (0.000) (0.000) (0.000) (0.000) (0.000) (0.000) (0.000)